Focus Xplore plc has started to review its existing interests and evaluate a “range of new exploration opportunities”. FINANCES The company’s current exploration portfolio covers uranium, lithium and selected rare earth elements (magnet metals) in Ontario, Canada. The review follows last month’s board resignations and appointments, while the company expects to appoint an additional director. Focus […]
Tag: portfolio
Tullow signs SPA for Kenya assets
Tullow Oil plc has signed a sale and purchase agreement for a minimum US$120 million in cash for its Kenya assets with Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd. PRIORITY The portfolio, comprising four onshore blocks in the South Lokichar Basin, represents circa 463 million barrels of 2C resources. Payment, in three […]
Altona to expand and diversify Africa assets
Altona Rare Earths plc is assessing potential new metals opportunities with low-cost entry in Africa to balance its main Monte Muambe project in Mozambique. TRANSFORMATIVE The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, […]